Question

In the game of roulette, a player can place a $7 bet on the number 22 and have a 1/38 probability of winning. If the metal ball lands on 22, the player gets to keep the $7 paid to play the game and the player is awarded an additional $245. Otherwise, the player is awarded nothing and the casino takes the player's $7. What is the expected value of the game to the player? If you played the game 1000 times, how much would you expect to lose? Note that the expected value is the amount, on average, one would expect to gain or lose each game. The expected value is $ . (Round to the nearest cent as needed.) The player would expect to lose about $ . (Round to the nearest cent as needed.)

          In the game of roulette, a player can place a $7 bet on the number 22 and have a 1/38 probability of winning. If the metal ball lands on 22, the player gets to keep the $7 paid to play the game and the player is awarded an additional $245. Otherwise, the player is awarded nothing and the casino takes the player's $7. What is the expected value of the game to the player? If you played the game 1000 times, how much would you expect to lose? Note that the expected value is the amount, on average, one would expect to gain or lose each game.

The expected value is $ .
(Round to the nearest cent as needed.)

The player would expect to lose about $ .
(Round to the nearest cent as needed.)

In the game of roulette, a player can place a 7 bet on the number 22 and have a 1/38 probability of winning. If the metal ball lands on 22, the player gets to keep the7 paid to play the game and the player is awarded an additional 245. Otherwise, the player is awarded nothing and the casino takes the player's7. What is the expected value of the game to the player? If you played the game 1000 times, how much would you expect to lose? Note that the expected value is the amount, on average, one would expect to gain or lose each game.

The expected value is .
(Round to the nearest cent as needed.)

The player would expect to lose about .
(Round to the nearest cent as needed.)

Added by Beatriz R.

Question

Please give Ace some feedback